economy was a huge problem. of course, it hasn't yet resulted in higher interest rates. a lot of people might say, look, who cares? let's be complacent. let's not worry about another downgrade. who cares? do people get it, in washington, that's it's important? >> it almost seems to be an afterthought in all of the chest thumping and bargaining, no one is thinking about it because the short-term impact of a default would be extraordinary. maybe we shouldn't call this the debt ceiling at all. maybe we should change it the downgrade ceiling because this game of chicken is sick. >> sometimes semantics can make all the difference. >>> breaking news. "usa today" is reporting that lance armstrong has confessed to using performance enhancing drugs. i am looking at just rapped with lance armstrong, 2 1/2 hours. he came ready. what he did tell her? >> he confessed to doping in his cycling career. the interview just wrapped. and there is a confidentiality agreement about the show. it won't air until thursday. the plan all along was to use the venue to confess. make an admission abo